Arch Capital Group Ltd. (NASDAQ:ACGL) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $80.92 and last traded at $80.67, with a volume of 592,049 shares trading hands. The stock had previously closed at $77.09.

A number of research analysts recently commented on the company. RBC Capital Markets reaffirmed an “outperform” rating and issued a $87.00 price target (up previously from $80.00) on shares of Arch Capital Group in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price target on Arch Capital Group from $78.00 to $86.00 and gave the company a “market perform” rating in a research note on Wednesday. Royal Bank Of Canada boosted their price target on Arch Capital Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday. Morgan Stanley reaffirmed a “hold” rating and issued a $75.00 price target on shares of Arch Capital Group in a research note on Friday, April 29th. Finally, Zacks Investment Research raised Arch Capital Group from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $77.77.

The stock’s 50-day moving average is $72.31 and its 200-day moving average is $70.62. The stock has a market capitalization of $9.63 billion and a P/E ratio of 20.64.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Wednesday, July 27th. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.96 by $0.17. During the same period in the prior year, the company posted $1.16 earnings per share. On average, analysts expect that Arch Capital Group Ltd. will post $4.31 EPS for the current fiscal year.

In other Arch Capital Group news, CFO Mark Donald Lyons sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $71.81, for a total value of $502,670.00. Following the completion of the transaction, the chief financial officer now owns 201,830 shares in the company, valued at approximately $14,493,412.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Constantine Iordanou sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, May 24th. The stock was sold at an average price of $71.58, for a total value of $2,863,200.00. Following the completion of the transaction, the chief executive officer now owns 293,030 shares of the company’s stock, valued at approximately $20,975,087.40. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of ACGL. Utah Retirement Systems increased its position in shares of Arch Capital Group by 0.5% in the fourth quarter. Utah Retirement Systems now owns 22,254 shares of the company’s stock valued at $1,552,000 after buying an additional 100 shares in the last quarter. KBC Group NV increased its position in shares of Arch Capital Group by 166.9% in the fourth quarter. KBC Group NV now owns 155,666 shares of the company’s stock valued at $10,858,000 after buying an additional 97,337 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Arch Capital Group by 6.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 15,358 shares of the company’s stock valued at $1,071,000 after buying an additional 875 shares in the last quarter.

Arch Capital Group Ltd. writes insurance and reinsurance on worldwide basis. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The Company’s insurance, reinsurance and mortgage segments are underwriting segments. The insurance segment’s product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other, which includes alternative market risks and excess workers’ compensation.

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